102 Main Street
102 Main Street Creede, Colorado 81130 United States

$692,000
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This 2500 sq. ft. building is located at 102 North Main St., in the thick of tourist traffic, in historic Creede, Colorado. The building is divided into two separate and operating retail spaces, but a common interior door could make this a large...

Listing Courtesy of Steffens and Company Realty, Inc

Listing Courtesy of Steffens and Company Realty, Inc
2
Full Baths
2,500 Sq Ft.
Interior
.5 Acres
Exterior
Commercial
Property type
1900
Year Built
774985
Web Id
774985
MLS ID
483
days ago

About 102 Main Street

This 2500 sq. ft. building is located at 102 North Main St., in the thick of tourist traffic, in historic Creede, Colorado. The building is divided into two separate and operating retail spaces, but a common interior door could make this a large operating space. 1. Elk Country Boutique on the corner of the building is a T-shirt Shop. 2. Creede Olive Oil Shop. Both businesses draw visitors as they walk the town shopping for unique gifts. Utilities include electric, pellet stove, Creede water & sewage, and phone. Each business has its own electrical meter and is paid for by that tenant. RECAP RATE: 1. Elk Country Boutique T-shirt Shop has an extremely high recap rate but will need to be kept as a T-shirt shop to obtain maximum income on the building. 2. Creede Olive Oil shop rents for $1300 per month year-round. The estimated total recap rate based on the above description is 15% to 20% annual return on investment. This historic building is located on Main Street in Creede, Colorado, and is a thriving business. Creede is a major vacation destination and sportsmens dream paradise. Creede has all the small-town conveniences with high Rocky Mountain Views in all directions. The History of Creede as an old silver mining town is captivating and riveting. Creede Repertory Theater is a big attraction all summer and thousands of people attend live plays. From rock and mineral hounds to Elk/Deer hunters, fishermen, and sightseers, Creede is an enthralling place.

Listing Courtesy of Steffens and Company Realty, Inc, CREN MLS

ADDITIONAL INFORMATION

Number of Units
2
Listing Courtesy of Steffens and Company Realty, Inc

Listing Courtesy of Steffens and Company Realty, Inc

Listing Courtesy of Steffens and Company Realty, Inc

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